New Issue: Credit Suisse sells $778,000 contingent coupon buffered yield notes on three indexes

Chicago, Feb. 27 – Credit Suisse AG, London Branch priced $778,000 of contingent coupon buffered yield notes due May 16, 2025 linked to the performance of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 7.3%, if each index closes at or above its 75% coupon barrier on the related observation date.

The payout at maturity will be par plus the final coupon unless any index falls by more than 25%, in which case investors will lose 1% for each 1% decline of the worst performer beyond the 25% buffer.

Credit Suisse Securities (USA) LLC is the placement agent.

Issuer:	Credit Suisse AG, London Branch
Issue:	Contingent coupon buffered yield notes
Underlying indexes:	S&P 500 index, Nasdaq-100 index, Russell 2000 index
Amount:	$778,000
Maturity:	May 16, 2025
Coupon:	7.3% annualized, payable quarterly if each index closes at or above its coupon barrier on related observation date
Price:	Par
Payout at maturity:	Par plus final coupon unless any index falls by more than 25%, in which case 1% loss for each 1% decline of the worst performer beyond 25%
Initial levels:	1761.789 for Russell, 4001.05 for S&P, 12345.86 for Nasdaq
Coupon barriers/buffer levels:	1321.34175 for Russell, 3000.7875 for S&P, 9259.395 for Nasdaq; 75% of initial levels
Agent:	Credit Suisse Securities (USA) LLC
Strike date:	May 10, 2022
Pricing date:	May 11, 2022
Settlement date:	May 16, 2022
Fees:	0.6%
Cusip:	22553PXD6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.